What You Should Keep in Mind When You Decide to Sell Your Medical Practice
​
Currently, there is an increase in activity among hospitals and they are becoming interested in buying medical practices. There can be different firms out there which have performed several practice evaluations for physicians who want to know the value of their practice to serve as the basis to negotiate with a certain hospital. Perhaps, you have also seen different ways which the physicians were able to improve the bargaining power and they were able to get better rewards. Here are a few things that you should take into consideration. You can go to this site for more info.
​
It is important that you get more than a single bidder. If you are thinking about the sale of your medical practice, then you have to consider such tactic. You have to make sure that you contact prospects that you have and make them aware that you want to sell your practice. You would like them to know first before you make a sale. Read more great facts, click on this link.
​
Also, it is quite important that you allow the hospital administrators to know about your plans. They can form a group or they may be interested about providing the practice someone who is interested to practice in the community. They probably are interested or may not be interested with you staying as a salaried doctor. Moreover, you should contact each group or probably a solo practice in your specialty. It is quite important that you also inform them of your plans.
​
You have to be aware that your HER system has a value but the paper charts don't. Also, when you own the practice facility, you must be ready for two sales. If you own the practice building or you own the office space, then you must make two sales which is for the facility and for the practice. What you need to is that you can sell the practice and then lease the space. This is going to overcome resistance to the ownership at present. This means that you will be the landlord. After making the sale, you could then get the property managed by a property management firm and they will then have to collect the rents and have the facility maintained.
​
Moreover, you can sell the practice and at the same time sell the space. If the practice buyer doesn't like owning the facility, then you may search for another buyer for it. This is what you should do when you won't be staying in the community. Please view this site http://www.ehow.com/how_5154630_start-medical-practice.html for further details.